Common use of Successor Designees Clause in Contracts

Successor Designees. If a Purchaser Designee shall cease to serve as a director for any reason, the Board of Directors shall appoint and elect a replacement director designated by the Purchaser to serve out the remaining term of the existing director upon written notice to the Company by the designating Lead Investor, but subject to the same approval requirements for Purchaser Designees set forth in Section 4.1 (each individual being so designated being a “Successor Designee”).

Successor Designees. If a Purchaser Designee shall cease to serve as a director for any reason, the Company’s Board of Directors shall appoint and elect a replacement director designated by the Purchaser to serve out the remaining term of the existing director upon written notice to the Company by the designating Lead Investor, but subject to the same approval requirements for Purchaser Designees set forth in Section 4.1 (each individual being so designated being a “Successor Designee”)Purchaser.

Successor Designees. If a Purchaser an Investor Designee shall cease to serve as a director for any reason, the Company’s Board of Directors shall appoint and elect a replacement director designated by the Purchaser to serve out the remaining term of the existing director upon written notice to the Company by the designating Investor. The Lead InvestorInvestors may designate a nominee to succeed any such resigning Investor Designee, but subject and the Nominating and Corporate Governance Committee shall consider such nominee for nomination to the same approval requirements for Purchaser Designees set forth in Section 4.1 (each individual being so designated being a “Successor Designee”)Board of Directors.